11838420

System and Method for Hierarchical Token Distribution on Blockchain Network

PublishedDecember 5, 2023
Assigneenot available in USPTO data we have
InventorsDaniel JOSEPH
Technical Abstract

Patent Claims
13 claims

Legal claims defining the scope of protection, as filed with the USPTO.

3

3. The computer-implemented method of claim 2, wherein the first blockchain transaction requires either a signature of both the upstream node and the downstream node or a second secret value and the signature of the downstream node.

4

4. The computer-implemented method of claim 2, wherein the second blockchain transaction returns the committed quantity of tokens if signatures of both the upstream node and the downstream node are provided.

5

5. The computer-implemented method of claim 2, wherein the third blockchain transaction requires knowledge of a first secret value and a signature of the mixer node.

6

6. The computer-implemented method of claim 5, wherein the first secret value is derived using a second secret value.

8

8. The computer-implemented method of claim 1, wherein the first commitment channel is generated before any second commitment channel is generated.

11

11. The computing device of claim 10, wherein the first blockchain transaction requires either a signature of both the upstream node and the downstream node or a second secret value and the signature of the downstream node.

12

12. The computing device of claim 10, wherein the second blockchain transaction returns the committed quantity of tokens if signatures of both the upstream node and the downstream node are provided.

13

13. The computing device of claim 10, wherein the third blockchain transaction requires knowledge of a first secret value and a signature of the mixer node.

14

14. The computing device of claim 9, wherein the first commitment channel is generated before any second commitment channel is generated.

17

17. The non-transitory processor-readable medium of claim 16, wherein the first blockchain transaction requires either a signature of both the upstream node and the downstream node or a second secret value and the signature of the downstream node.

18

18. The non-transitory processor-readable medium of claim 16, wherein the second blockchain transaction returns the committed quantity of tokens if signatures of both the upstream node and the downstream node are provided.

19

19. The non-transitory processor-readable medium of claim 16, wherein the third blockchain transaction requires knowledge of a first secret value and a signature of the mixer node.

20

20. The non-transitory processor-readable medium of claim 15, wherein the first commitment channel is generated before any second commitment channel is generated.

Patent Metadata

Filing Date

Unknown

Publication Date

December 5, 2023

Inventors

Daniel JOSEPH

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Cite as: Patentable. “SYSTEM AND METHOD FOR HIERARCHICAL TOKEN DISTRIBUTION ON BLOCKCHAIN NETWORK” (11838420). https://patentable.app/patents/11838420

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